The comments from European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel released during Friday’s European session on Bloomberg signal that the central bank is committed to a chieve price stability. Comments_
- ECB will take decisive action if needed to bring inflation back to target.
- Consumer-price growth has picked up again.
- Can’t be ruled out that prices will continue to rise in the coming weeks.
- Higher energy costs being a major contributing factor.